AS vs. RING
AS (Amer Sports, Inc) is a stock, while RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index. Over the past year, AS returned -5.21% vs 56.55% for RING. At a 0.20 correlation, their price movements are largely independent.
Performance
AS vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, AS achieves a -5.06% return, which is significantly higher than RING's -5.54% return.
AS
- 1D
- -0.39%
- 1M
- 8.18%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -5.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RING
- 1D
- 3.20%
- 1M
- -16.79%
- YTD
- -5.54%
- 6M
- -4.18%
- 1Y
- 56.55%
- 3Y*
- 44.87%
- 5Y*
- 18.76%
- 10Y*
- 13.85%
AS vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
RING iShares MSCI Global Gold Miners ETF | -5.54% | 164.72% | 28.88% |
Correlation
The correlation between AS and RING is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.20 |
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Return for Risk
AS vs. RING — Risk / Return Rank
AS
RING
AS vs. RING - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) and iShares MSCI Global Gold Miners ETF (RING). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AS | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.59 | -1.77 |
| Martin ratioReturn relative to average drawdown | -0.36 | 4.45 | -4.81 |
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Drawdowns
AS vs. RING - Drawdown Comparison
The maximum AS drawdown since its inception was -40.71%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for AS and RING.
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Drawdown Indicators
| AS | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -79.47% | +38.76% |
Max Drawdown (1Y)Largest decline over 1 year | -28.78% | -35.72% | +6.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.04% | — |
Current DrawdownCurrent decline from peak | -15.49% | -30.03% | +14.54% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -47.36% | +34.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.56% | 12.74% | +1.82% |
Volatility
AS vs. RING - Volatility Comparison
The current volatility for Amer Sports, Inc (AS) is 10.17%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 16.83%. This indicates that AS experiences smaller price fluctuations and is considered to be less risky than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AS | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 16.83% | -6.66% |
Volatility (6M)Calculated over the trailing 6-month period | 29.10% | 39.11% | -10.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.31% | 47.31% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.55% | 36.81% | +12.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 36.70% | +12.85% |
Dividends
AS vs. RING - Dividend Comparison
AS has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AS Amer Sports, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RING iShares MSCI Global Gold Miners ETF | 0.89% | 0.84% | 1.43% | 2.01% | 2.29% | 2.38% | 0.83% | 0.83% | 0.70% | 0.42% | 1.41% | 0.96% |
Frequently Asked Questions
AS and RING have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING has higher volatility (16.83%) compared to AS (10.17%). In terms of maximum drawdown, AS dropped -40.71% vs RING's -79.47%.
RING currently has the higher Sharpe Ratio (1.20 vs -0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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